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Home Affordability Calculator

How Much Home Can You Afford?

The best way to determine what price home you can afford is more commonly determined by first establishing the maximum total monthly payment that you feel is comfortable for you. Our calculator will help you determine general parameters to assist you in determining your comfort level.

Keep in mind that interest rates are subject to change daily. Also, credit score, debts, incomes, and other financial factors influence interest rates, so until those factors have been evaluated by an experienced loan officer, the payments calculated are only estimates. Contact one of our experienced loan officers at Park Cities Mortgage, and develop a more accurate and reliable estimate of what you might expect.

Keep in mind that this is only an estimate. Your actual payment will depend on the mortgage option that you choose, the interest rate that you qualify for, as well as the down payment amount that you are contemplating. Remember to consider the impact property taxes and homeowner’s insurance premiums have on a total monthly payment. A payment is more than just principal and interest.

Other Affordability Factors

There are a lot of factors that impact a total monthly payment, which includes local property taxes, homeowners’ association fees, and homeowner’s insurance. In addition, the amount of your down payment is another important factor. Recognizing that variances in these factors have an influence on your total monthly payment is important. Establishing a more thorough evaluation is best done with the assistance of an experienced Park Cities Mortgage loan officer. You can expect and rely upon their informed counsel.